Welcome to 1315 Reed St, a highly sought-after triplex located in the heart of Passyunk Square! This property offers a unique opportunity for investors to own a prime piece of real estate in one of the city's most desirable locations. Boasting an impressive rental history, this triplex features two long-standing tenants. The third unit is currently vacant, offering the potential for increased cash flow or an opportunity for an owner-occupant to live in one unit while renting out the others. This property is perfectly situated just steps away from all of the amazing restaurants and shops on East Passyunk Ave! With the Broad St Line subway station nearby, commuting around the city has never been easier. Don't miss your chance to own this fantastic investment property in one of Philadelphia's hottest neighborhoods. With its prime location, solid rental history, and value-add potential, this triplex is sure to attract a lot of attention from savvy investors. Schedule your viewing today!
Sold for $450,000
$450,000
1315 Reed St, Philadelphia, PA 19147
5beds
3baths
2,430sqft
Townhouse
Built in 1960
-- sqft lot
$-- Zestimate®
$185/sqft
$3,174 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,174/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 01, 2023 at 10:19am
Listed by:
Elan Elkaim 215-960-9537,
KW Philly
Bought with:
Elan Elkaim, 1644428
KW Philly
Source: Bright MLS,MLS#: PAPH2218994
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Basement
- Area: 0
Heating
- Radiator, Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,430
- Total interior livable area: 2,430 sqft
Property
Parking
- Parking features: Other
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,361 sqft
- Dimensions: 18.00 x 76.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 012411400
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Passyunk Square
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2023 | Sold | $450,000+12.5%$185/sqft |
Source:  Bright MLS #PAPH2218994 Report a problem | ||
| 4/3/2023 | Contingent | $400,000$165/sqft |
Source: Bright MLS #PAPH2218994 Report a problem | ||
| 3/31/2023 | Listed for sale | $400,000$165/sqft |
Source: Bright MLS #PAPH2218994 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,428 -13.1% | $602,100 -13.1% |
| 2024 | $9,698 | $692,800 |
| 2023 | $9,698 +36.1% | $692,800 |
Find assessor info on the county website
Neighborhood: Passyunk Square
Nearby schools
GreatSchools rating
- 6/10Fanny Jackson Coppin SchoolGrades: PK-8Distance: 0.2 mi
- 3/10Furness Horace High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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